Homework Answers
Units completed in this period
= Opening + started - finished
= 21100 + 207800 - 24400
= 204500
Calculation of equivalent units
| Particulars | material | conversion cost | ||
| % | units | % | units | |
| Completed | 100% | 204500 | 100% | 204500 |
| Ending inventory | 100% | 24400 | 60% | 14640 |
| Total | 228900 | 219140 | ||
Calculation of equivalent unit cost
Material = $103005/228900 = $0.45 per unit
Conversion cost = (318322+185700)/219140 = $2.30 per unit
Assignment of costs
Transferred out (completed) = 204500 * ($0.45+$2.30) = $562375
Ending work in progress = material + conversion
= (24400*$0.45) + (14640*$2.30)
= $44652
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